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Tuesday, August 8, 2023

China slides into deflation as consumer, factory prices drop

China's consumer and producer prices both declined in July, the first time since November 2020 that both have registered contractions. The consumer price index dropped 0.3% YoY, while producer prices contracted 4.4%, with subdued consumer spending, a slump in the Chinese property market, plunging exports and weakened demand all contributing.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/DFRAfe7

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